NEW YORK—In January, the New York State Society of CPAs expects to see the reintroduction of the accountancy bills it supported in the New York legislative session that just ended. (Article)

Membership Input Needed on New Credential

New York State Society of CPAs members should check their mailboxes, because in early January the Society is sending out an important survey about the need for a new professional credential. (Article)

N.Y. Court of Appeals Reaffirms Privity Rule: Unanimously Agrees with Society’s Amicus Brief

ALBANY, N.Y.— In a unanimous opinion issued on December 14, the New York State Court of Appeals re-confirmed New York’s strict privity rule for accounting malpractice cases. (Article)

President's Commentary

The last month has been an interesting one for the profession, with plenty of issues raising questions for the membership. (Article)

The Road Ahead: Eddy’s Vision for the AICPA

By the time she leaves office, Kathy G. Eddy, newly elected chair of the American Institute of CPAs, hopes that all CPAs, especially those who belong to small firms, will look to the Institute as their professional home. (Article)

Regents Approve Changes to CPE Regulations

On December 15, the New York State Board of Regents approved changes to two regulations that impact continuing professional education (CPE) requirements for CPA licensees. (Article)

Congresswoman Says Bipartisanship Is Instrumental to Meaningful Tax Relief

As with most contentious issues, cooler heads typically prevail and compromise smoothes ruffled feathers. (Article)

SEC Beefs Up Monitoring After Issuing Final Independence Ruling

WASHINGTON D.C.—Just one day after unanimously approving auditor independence and market structure rules, the Securities and Exchange Commission also beefed up its accounting industry monitoring division. (Article)

COAP Program Holds Alumni Session at Pace University

To further the goal of providing ongoing college and career advice to its graduates, Career Opportunities in the Accounting Profession (COAP) hosted a reunion for past alumni.(Article)

Accounting Students Get the Skinny at Education Night

Over 100 junior and senior accounting majors attended this year’s Annual Education Night Dinner, held by the New York State Society of CPAs Staten Island Chapter.(Article)

2001 Tax Software Update: More of the Same, Only Better

As we approach the first year of the 21st century, Internet technology can hardly be called revolutionary, but web-based applications are continuing to revolutionize the tax software industry. (Article)

Ethics in Action

This is the story of George, a CPA and member of both the New York State Society of CPAs (NYSSCPA) and the American Institute of CPAs (AICPA). (Article)

Ethics and regulations Q & As

My former tax client has asked that I send him all records that I have in my possession relating to him, including tax returns, source documents, my work papers, etc. How long must I keep tax client records? What must I return to the client? (Article)

Plain Paper: Here at Last!

Call it what you will—assembly, management-use-only statements, a fourth level of service, or even the “fender”—plain paper statements arrived with the publication of the Statement on Standards for Accounting and Review Services (SSARS) No. 8 in the Journal of Accountancy.(Article)

Commentary: The Proposed International Professional Designation

For more than 100 years the CPA designation has existed here in New York. From before the first World War and through the Depression, the New Deal, the baby boom, the junk bond ’80s, and the rise and fall of the new technology era, the CPA has not only survived but also has adapted to the demanding changes in providing the highest level of integrity and well-grounded advice to the business, professional, and consumer communities. (Article)

Melancon Explains Proposed Credential at Chapter Meeting

During a recent joint meeting of the New York State Society of CPAs Suffolk and Nassau Chapters, Barry Melancon, president and CEO of the American Institute of CPAs, explained the AICPA’s latest moves in developing the proposed international business credential referred to as either XYZ or Cognitor as CPAs from around New York asked tough questions. (Article)

Commentary: The AICPA Portal

There are two basic problems with the concept of the American Institute of CPAs’ (AICPA’s) portal, which is located at www.cpa2biz.com. (Article)

Annual Career Day Provides Insight into Diverse Profession

Seventy New York City high school students from the Academy of Finance learned about the many options available to CPAs during the New York State Society of CPAs Recruitment for CPA Careers Committee’s Annual Career Day on Oct. 27. (Article)

Educators Receive Call for Change at AICPA Annual Conference

The 250 accounting educators attending the American Institute of CPAs (AICPA) Accounting Educators Conference on Nov. 3–4 in Atlanta received a double-barreled call for change. (Article)

There’s Chocolate in Your Future

For those of you who are not aware, a marriage will soon take place. The Annual Conference, a New York State Society of CPAs mainstay for more than 60 years, will merge with the Annual Leadership Meeting, which brings together committee chairs, board members, young CPAs, chapter officers, and CPA candidates. (Article)

A Roundup of New York’s Employment-Related Statutes: Part 2

An employer shall not take any adverse employment action against an employee because that employee (Article)

Loss Prevention for Personal Tax Practitioners

Loss prevention becomes most critical during income tax season, when the annual time constraints, an overabundance of work, and stress tend to lead the personal tax practitioner away from basic loss prevention measures. (Article)

Society Website Introduces New Stock Ticker

The Society’s website, nysscpa.org, now features its own customizable stock ticker. Members can check stock prices on multiple indices or program the ticker to keep them updated on the performance of particular securities. (Article)

Membership Information Updates

Once again I am asking you, the members of the New York State Society of CPAs, to help us better serve you. (Article)

Website FAQs

I noticed that your earliest Newsbriefs archives date back to late September of this year. I was wondering how I could access earlier Newsbriefs. (Article)

Welcome new members (Article)

Members in the News (Article)

In memorium (Article)

Southern Tier

The Southern Tier Chapter of the New York State Society of CPAs is located upstate along the New York/Pennsylvania border. The chapter is small in terms of membership but large in terms of geographic size. Less than 400 members represent the Oneonta, Binghamton, Elmira, and Ithaca areas. (Article)

Young CPAs Ace Public Speakin

The Northeast Chapter Young CPAs hosted “Taking the Fear Out of Public Speaking” on Oct. 26. Thoroughbred Toastmasters representatives conducted the event, a mini Toastmasters meeting, during which local CPAs delivered impromptu speeches on a variety of subjects including: (Article)

Emerging Technologies Conference Encourages CPA Involvement

The Foundation for Accounting Education presented its fourth annual Emerging Technologies Conference in New York City on November 21. (Article)

Small Businesses Overpay Taxes Fail to Take Advantage of Relief Act of ’97

Approximately 2000 small businesses overpaid an average of $11,638 in alternative minimum taxes (AMTs) for 1998, a recent U.S. Treasury study found. (Article)